St. Johns Net Leased
8535 N LOMBARD Portland, OR 97203
For Sale
$1,725,000
Net leased investment opportunity in the heart of St. Johns.
Property Size8,600 SF
Price / SF$200.58
Days on Market100
Property Features for 8535 N LOMBARD
General Information
- Standard status
- Active
- Size
- 8,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1907
Listing Agency:
HANNA NETWORK
(503) 774-8893
Listed By:
DONALD HANNA
Source:
Corcoran
Added: Apr 16
Changed: Jul 10
Last Checked: Jul 23 at 7:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HANNA NETWORK
Investment Insights
Based on property information with market context.
This commercial property, located in the St. Johns area, presents a net leased investment opportunity. The property includes some leased second-floor office spaces. There is potential for upside by finishing the currently unfinished second floor. A parking lot is included behind the building. The property has a size of 8600 square feet.
Key Highlights
- Strong proforma CAP rate over 8%
- Rare net leased investment opportunity
- Quality tenants and leases in place
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.8k | $18.00 |
| − Vacancy | −$11.6k | −$1.35 |
| EGI | $143.2k | $16.65 |
| − OpEx | −$43.0k | −$5.00 |
| NOI | $100.2k | $11.66 |
8,600 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,233 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,056 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Farmers Insurance - Paul ...
Insurance Agency
Hello Sunshine Speech ...
Physician
North esthetics studio
Spa & Massage Center
Alison Pryor
Physician
Similar Off Market Nearby
- St John's Flower Shop — 7810 N Lombard St, Portland, OR 97203
- St. John’s Flower Shop — 7810 N Lombard St, Portland, OR 97203
FAQs
What type of property is this?
Storefront property - Net leased investment opportunity in the heart of St. Johns.
Where is this storefront property located?
The property is located at 8535 N LOMBARD Portland, OR.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Strong proforma CAP rate over 8%; Rare net leased investment opportunity; Quality tenants and leases in place
